Added to YB: 2024-10-17
Pitch date: 2024-10-15
VLN.TO [bullish]
Velan Inc.
+77.91%
current return
Author Info
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Company Info
Velan Inc. designs, manufactures, and markets industrial valves worldwide. The company offers quarter-turn valves; gate, globe, and check valves; API 600 cast steel gate, globe, and check valves; corrosion-resistant steel gate, globe, and check valves; API 602 small forged gate, globe, and check valves; API 6D/API 6A through conduit and double expanding gate valves; large forged pressure seal and bolted bonnet gate, globe, and check valves; y-pattern valves; Proquip dual-plate check valves; API 6D/API 6A non slam and swing check valves; quarter-turn valves; resilient-seated ball valves; Securaseal metal-seated ball valves; Coker ball valves; API 6D/API 6A pipeline ball valves; modular double block and bleed ball valves; Torqseal triple-offset butterfly valves; and other products.
Market Cap
CAD 230.9M
Pitch Price
CAD 10.29
Price Target
51.00 (+179%)
Dividend
2.70%
EV/EBITDA
6.89
P/E
-4.89
EV/Sales
0.63
Sector
Machinery
Category
turnaround
Velan Inc. - $VLN.TO
VLN.TO: Nuclear valve leader, 86% global reactor share. New CEO improving margins (5.5% Q2 EBITDA). Backlog $548M, bookings +63% YoY. Nuclear cycle inflecting, rare pure-play. 3x EBITDA, 10-12% normalized margins. Takeover potential (101 prior bidders). Upside to $51 (425%) at 8x EBITDA. Risks: unions, asbestos, French block.
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